Don’t miss this very rare opportunity to acquire a well-maintained 10-unit apartment building located in the heart of the desirable City of Solvang. All the units are 1 bed and 1 bath with separate electric and gas meters, and the residents enjoy a private laundry room and off-street parking in… Read More the rear of the building. Upgrades within the last 5 years include laminate flooring in many of the units, new water heater, new dual pane windows and a complete replacement of the asphalt driveway and parking lot. The units are close to all that downtown Solvang has to offer, including restaurants, galleries, shops, and more. With over 40% upside in rents, this property offers the prudent investor lots of upside opportunity. Read Less
Listing Snapshot
Days Online
48
Last Updated
Property Type
Apartment
Lot Size
0.2 Acres
Year Built
1900
MLS Number
PI24182421
30 Days Snapshot Of 93463
$
0%
(avg) sold price
0
-100%
homes sold
31
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1900, Building area total: 4,500, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Park
Expenses
Electric expense: $410, Fuel expense: $1,230, Insurance expense: $6,000, Operating expense: $82,816, Trash expense: $2,800, Water sewer expense: $8,362
Income
Gross income: $253,200, Net operating income: $162,788
Lot
0.2 acres, 8,712 square feet, Size: 8,712, Level
Parking
10 open parking spaces, 10 totals parking
Pool
None
Sewer
PublicSewer
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
